Icom Systems, Inc. v. Davies

OPINION

CORNELIUS, Chief Justice.

Icom Systems, Inc. appeals from a take-nothing judgment rendered against it in its suit against Peter Davies. Icom sued Davies, its former officer and director, alleging that he breached his fiduciary duty by usurping a corporate opportunity. On appeal, Icom contends that the evidence is legally and factually insufficient to support the trial court’s judgment.

In 1989, Peter Davies, Joseph Dilling-ham, and Forres McGraw formed Icom Systems, Inc. Davies was to manage the day-to-day operations, Dillingham provided the software for the system, and McGraw provided…